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China Halts US LNG Imports as Trade War Reroutes Deliveries [Yahoo! Finance]
Last qualcomm incorporated earnings: 4/29 04:01 pm
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Most Read from Bloomberg ICE Eyes Massive California Tent Facility Amid Space Constraints How Britain's Most Bike-Friendly New Town Got Built The Dark Prophet of Car-Clogged Cities Washington, DC, Region Braces for ‘Devastating' Cuts from Congress NYC Plans for Flood Protection Without Federal Funds The barren streak is the most extended since June 2023, according to ship-tracking data compiled by Bloomberg. There currently aren't any US shipments en route to China either, according to ship-tracking data from Kpler, an analytics firm. The trade war provoked by the Trump administration is threatening to decouple the world's biggest LNG seller and buyer. Beijing slapped a 15% tariff on US LNG shipments from Feb. 10 in retaliation for blanket American levies on Chinese exports. In response, Chinese gas buyers with long-term commitments to US projects are reselling those shipments to Europe, according to traders. Firms in China are also reluctant to sign new deals with US
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